Federal Reserve Leaves Interest Rates Unchanged at 0-0.25 Percent

Mari333

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Wed Apr-29-09 01:42 PM
Original message

Federal Reserve Leaves Interest Rates Unchanged at 0-0.25 Percent

Source: abc

breaking news top of page

Read more: http://abcnews.go.com/Business/wireStory?id=7455815

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bluestateguy

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Wed Apr-29-09 01:44 PM
Response to Original message

1. How about negative interest rates? Could we do that?

How would that work?

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Igel

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Wed Apr-29-09 07:56 PM
Response to Reply #1

4. Sure.

It would be expensive.

We already have negative tax rates.

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Stellabella

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Wed Apr-29-09 03:14 PM
Response to Original message

2. Rats. Thought they'd at least break through the zero mark.

:sarcasm:

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bemildred

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Wed Apr-29-09 07:14 PM
Response to Original message

3. Whee! Free money for banks. nt

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SOS

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Wed Apr-29-09 08:59 PM
Response to Original message

5. Borrow at 0.25%, lend at 26%, lose $2.7 trillion

Turns out that the Masters of the Universe are imbeciles.

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